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Any recommendations from the deficit reduction panel, including suggested instructions to the tax committees, will be put into a bill.
The chairmen of the Congressional tax committees — Representative Dave Camp, Republican of Michigan, and Senator Max Baucus, Democrat of Montana — are on the deficit committee and have been discussing the issue, aides say.
The Thrift Savings Plan was essentially an adaption for federal workers of various retirement plans, principally the 401 k), as it is known, which were passing the tax committees in the 1970's and 1980's.
It is likely that Mr. Bush's plan will be altered as the tax committees in the House and the Senate write their own legislation, and it is possible that the White House's proposal will be scaled back.
Osborne's much-vaunted Google tax is only estimated to be collecting £557m by 2019, and accounting firms, having representatives on Treasury tax committees, are still allowed to profit to the tune of billions through "advising" on tax avoidance.
"It's hard to predict what compromise might be reached," said Thomas P. Ochsenschlager, a tax partner at the Grant Thornton accounting firm in Washington, but he does not expect the president's plan to pass unscathed through the House and Senate tax committees.
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Congress's bipartisan joint tax committee reckons the tax cut alone will cost $90 billion 120 billion in 2002.
On July 1st the LDP's tax committee meets to begin hammering out the details.
The proposed tax break was defeated 8-3 by the state's tax committee.
The UN's tax committee is probably one of its more effective bodies.
But the panel, the economic affairs and tax committee, also recommended that Parliament hold a public referendum on the deal.
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